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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

4:00 PM EST

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To: long-gone who wrote (34434)	5/24/1999 1:49:00 PM
From: John Hunt	Read Replies (1) of 116791

CSFB cuts Citigroup, others to sell << Credit Suisse First Boston said on Monday it cut its rating on shares of Citigroup Inc. (NYSE:C - news), Chase Manhattan Corp. (NYSE:CMB - news), J.P. Morgan and Co. (NYSE:JPM - news) and Bank One Corp. (NYSE:ONE - news) to sell from hold. -- BankBoston Corp. (NYSE:BKB - news) lowered to hold from buy, the firm said. -- CSFB analyst Michael Mayo quoted by market source as saying pressures are mounting and positive factors like strong capital markets might not last. -- Mayo wrote in research report the millennium creates third party risk, delays merger savings and productivity projects, possibly reduces market-sensitive revenues around year-end and creates a risk of unknown magnitude. -- ''The risks of owning bank stocks do not seem worth the returns,'' Mayo said. ''On the one hand, improved global growth and greater financial services consolidation offer potential. On the other hand, risks related to Year 2000, capital markets, efficiency and asset quality create downside potential.'' ... cont'd ... >> biz.yahoo.com PS - I am running the SETI analysis program in the background ... Waiting for an inter-galactic message to buy gold. :-))

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